Question

Which of the following is true of private corporations?

A. They are owned by the govt.
B. they are most often owned and managed for the purpose of providing a service such as public utilities
C. they are owned by the general public
D. they are not owned by the general public

Answer 1

What is true of private corporations is that they are not owned by the general public - D.

Private corporations are usually being owned by a small number of individuals who hold great power in their hands and then also dictate how these corporations work and how well they fare in their endeavours (services they provide).